The recent guideline by the Central Bank of Nigeria (CBN) says your bank account will be blocked if you fail to link it to your National Identification Number (NIN). Even though you already have your Bank Verification Number (BVN), the apex bank is saying your NIN and BVN have to be linked to your financial … Read more
Every bank in Nigeria has an assigned enterprise code which they can use to verify their customers presenting their improved National Identity Number (NIN) slip or virtual NINs as proof of their identity. These codes are also important for generating Virtual NIN. Also known as agent code, you’d need the enterprise code if you want … Read more
This Virtual NIN is a tokenized version of the person’s actual NIN which another party verifying the number cannot retain and use in a way that puts the individual’s data privacy at risk. Takeaways Generating you VNIN On the app are four methods available for you to generate your Virtual NIN 1) By searching the … Read more
To some people, cryptocurrency investment is the new oil-money, but it comes with lots of risks and the major challenges facing it is scams, which come in different forms. Research indicates that existing scams persist, albeit with modified tactics aimed at deceiving cryptocurrency holders, especially during the Bitcoin boom. For instance, scammers may be particularly … Read more
The Central Bank of Nigeria (CBN) has revoked the operational licensed of 4,173 Bureau de Change (BDC) operators in the country as the cleansing of the FX market continues under Yemi Cardoso. There are over five thousand foreign exchange traders in Nigeria. In a press release Friday signed by Acting Director of Corporate Communications, Mrs. … Read more
Some of the licensed Bureau De Change (BDC) operators in Nigeria use unbelievable and ridiculous names to obtain operating licenses from Nigeria’s apex bank, a list on the website of the Central Bank of Nigeria has revealed. Among the funny business names used by the operators include Deadlist BDC LTD, Ephesians-three-twenty BDC LTD, and Deep … Read more
A degree is okay to practice as a stockbroker, but most employers in the United States, United Kingdom, and Nigeria would prefer a degree holder in Economics, Finance, Accounting, Banking and Finance, Marketing, and Business Administration plus a professional certification. The body that issues the professional certificate to stockbrokers varies from country to country. Here … Read more
Highlight of the Oronsaye report and recommendations The Federal Executive Council (FEC) led by President Bola Tinubu on Monday, February 26, 2024, directed that the recommendations of the Steve Oronsaye panel on the restructuring and rationalization of Federal agencies, parastatals and commissions should be fully implemented. The panel was set up by the administration of … Read more
The IT Infrastructure Library (ITIL) framework stands as a cornerstone in IT service management, offering a structured approach to managing IT services that align with business needs. Among its various phases, the Service Transition phase plays a pivotal role in ensuring the seamless movement of services from the development stage to operational deployment. This blog … Read more
Twelve years after The Steve Oronsaye Panel submitted its report on restructuring and rationalizing Federal government parastatal and agencies aimed at cutting down on the cost of governance in Nigeria, President Bola Tinubu gave a nod to the implementation of the report on Monday, February 26, 2024. A committee that will execute the report has been … Read more